Hints and tips:
...Delta Air Lines did not offer a valuation but in January, On Point Loyalty, a consultancy specialising in frequent flyer programmes, independently valued SkyMiles at almost $26bn, making it the most valuable...
...Berkshire in April sold all its holdings in American Airlines, Delta Air Lines, Southwest and United Airlines....
...In 2018, impelled by the boost to corporate profits delivered by President Donald Trump’s tax cuts, companies in the S&P 500 index repurchased $806bn worth of their own shares, beating the previous 2007...
...Kraft Heinz, Hilton Worldwide and Delta Air Lines also secured funding in the same way. The pain is more acute for companies in hospitality and aviation, but almost every industry is feeling it....
...In our view, the current valuation assumes L’Oréal’s top-line growth quickly resumes its pre-COVID-19 momentum which is too optimistic....
...As a sensitivity every additional £5bn of net outflows in 2021 reduces our FY21 EPS by c9%. For Jupiter to trade in-line with the sector average, would need c£15bn of additional net outflows....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...Our small estimate changes reflect less net M&A contribution in 2019, which flows through into 2020....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...WPP will also reduce is planned capex from £400m to v£300m....
...Investors took an optimistic view on carriers after Delta Air Lines chief executive Ed Bastian said the tax plan being worked on by Congress could boost the company’s earnings by about $1 a share next year...
...United followed with a 4.7 per cent advance while Delta Air Lines added 1.9 per cent and Southwest Airlines rose 0.6 per cent....
...Shares in Southwest Airlines were down 3.5 per cent at $54.96, Delta Air Lines shed 2.9 per cent to $45.05 and United Continental dropped 3.1 per cent to $69.14....
...Air Lines of the US in April....
...The shares of other airlines also slid : Delta Air Lines dropped 3.5 per cent to $44.98 and American Airlines slipped 3 per cent to $40.01....
...The S&P 500 airline index slumped 2.8 per cent. Delta Air Lines dropped 3.1 per cent to $47.24, United Continental slumped 3 per cent to $56.80 and American Airlines skidded 2.5 per cent to $41.23....
...United is less profitable than American Airlines and Delta Air Lines, its two main peers....
...Delta Air Lines was one of the best performing stocks on the US benchmark on Tuesday, as the airline operator beat fourth-quarter earnings estimates and issued first-quarter operating margin guidance that...
...Shares of Delta Air Lines, the largest US airline by market capitalisation, climbed 4 per cent to $42.32. The company announced that passenger revenue in October climbed 3 per cent on the year....
...US airlines slumped on Wednesday after Delta Air Lines , one of the largest US carriers, trimmed its third-quarter revenue forecast amid concerns of overcapacity on transatlantic and Pacific routes....
...Shares of American rose 2 per cent to $42.82 while Delta climbed 1 per cent to $37.45....
...The view equates to net revenues between $1.43bn and $1.51bn....
...Delta Air Lines enhanced its status as one of the 10 best-performing stocks since the first-quarter US earnings season began last month, after the escalation of a capital return programme....
...Overall US equities were weaker, the S&P 500 down 0.71 per cent at 1,930.11 by close of trading in New York....
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